The Childrens Hospital League Corporation
- Assets
- $2.5m
- Revenue
- $369.4k
- Investments
- $2.2m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/1984
- Data as of
- 09/2023
- EIN
- 04-2780811
Organization Overview
The Childrens Hospital League Corporation is located in Boston, MA. The organization was established in 1984. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Hospital League Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Childrens Hospital League Corporation generated $369.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $643.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BOSTON CHILDREN'S HOSPITAL LEAGUE WAS CREATED TO RAISE FUNDS TO PROVIDE HOPE, MIRACLES AND HEALTH TO CHILDREN AND THEIR FAMILIES. THE LEAGUE SUPPORTS IMPORTANT PATIENT SERVICES, MEDICAL RESEARCH, AND CAPITAL IMPROVEMENTS AND PROMOTES COMMUNITY AWARENESS FOR BOSTON CHILDREN'S HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERY DAY, THE CHILDREN'S HOSPITAL LEAGUE CORPORATION IMPROVES AND ENHANCES THE LIVES OF CHILDREN DEALING WITH THE UNIMAGINABLE STRESS OF HOSPITALIZATION. THE LEAGUE'S FUNDING HAS BEEN CRITICAL IN HELPING THE BOSTON CHILDREN'S HOSPITAL PROVIDE SOME OF ITS MOST IMPORTANT PROGRAMS, MANY OF WHICH ARE FUNDED SOLELY THROUGH PHILANTHROPY PROVIDED BY THE LEAGUE. MORE THAN 500 STRONG, LEAGUE MEMBERS ARE AMBASSADORS AND FUNDRAISERS FOR BOSTON CHILDREN'S HOSPITAL - ONE OF THE WORLD'S PREMIER PEDIATRIC CARE AND RESEARCH CENTERS. LEAGUE MEMBERS HAVE A STRONG COMMITMENT TO ENSURE CHILDREN HAVE ACCESS TO HIGH-QUALITY PEDIATRIC HEALTH CARE. OVER TIME, LEAGUE SUPPORT HAS BROADENED TO INCLUDE VITAL HOSPITAL PROGRAMS SUCH AS RESEARCH AND MEDICAL EDUCATION.SOME OF THE RECENT PROGRAMS FUNDED BY THE LEAGUE INCLUDE THE FOLLOWING: ART THERAPY, LAUGHTER LEAGUE CLOWNS, CENTER FOR YOUNG WOMEN'S HEALTH, CHAPLAINCY (HARPIST), COMMUNITY ASTHMA PROGRAM, ENTERTAINMENT CARTS, FAMILY DAY, INPATIENT CAR SEAT PROGRAM, MUSIC THERAPY, PAWPRINTS PET VISITATION PROGRAM, SAFETY STORE, SUMMER CAMP PROGRAM, TEEN ADVISORY COMMITTEE, THE FOSTER GRANDPARENTS PROGRAM, TECHNOLOGY FOR PATIENTS WITH AMYOTROPHIC LATERAL SCLEROSIS (ALS), THE MARTHA ELIOT HEALTH CENTER AND VOLUNTEER SERVICES AND CHEAR - ADAPTIVE RECREATION EQUIPMENT.IN FY 2023, THE LEAGUE HELD ITS FUND RAISING EVENTS IN PERSON FOR THE FIRST TIME SINCE THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Waldman Board Member | Trustee | 5 | $0 |
Susan Rosenberg Co-Treasurer | OfficerTrustee | 5 | $0 |
Stephanie Kessler Co-Vp Fundraising | OfficerTrustee | 5 | $0 |
Rachel Rosenthal Co-Vp Communication | OfficerTrustee | 5 | $0 |
Robin Cavanaugh Co-President | OfficerTrustee | 5 | $0 |
Laurie Gorelick Co-Vp Education | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $403,138 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,602 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,740 |
| Total Program Service Revenue | $0 |
| Investment income | $12,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,534 |
| Net Income from Fundraising Events | -$95,755 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $613,988 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,138 |
| Information technology | $1,163 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $643,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,971 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,673 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,229,873 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,460,517 |
| Accounts payable and accrued expenses | $1,923 |
| Grants payable | $0 |
| Deferred revenue | $20,280 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $117,716 |
| Total liabilities | $139,919 |
| Net assets without donor restrictions | $2,320,598 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,460,517 |